M&A Deal Summary

Westshore Capital Partners and Capitala Group Acquire Reliant Account Management

On January 2, 2019, private equity firm Westshore Capital Partners and asset manager Capitala Group acquired information technology company Reliant Account Management

Acquisition Highlights
  • This is Westshore Capital Partners’ 1st and Capitala Group’s 6th transaction in the Information Technology sector.
  • This is Westshore Capital Partners’ 11th and Capitala Group’s 74th transaction in the United States.
  • This is Westshore Capital Partners’ 2nd and Capitala Group’s 5th transaction in Tennessee.

M&A Deal Summary

Date 2019-01-02
Target Reliant Account Management
Sector Information Technology
Buyer(s) Westshore Capital Partners
Capitala Group
Deal Type Recapitalization

Target

Reliant Account Management

Knoxville, Tennessee, United States
Reliant Account Management (RAM) is a specialized independent third-party payment processor and trust accounting company. Utilizing a best-in-class software platform that seamlessly integrates into multiple counterparty management information systems, RAM is rapidly growing into the industry leader and gaining market share as the payment processor of choice for consumers and debt resolution companies. Reliant Account Management was founded in 2009 and is based in Knoxville, Tennessee.

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Buyer(S) 2

Buyer

Westshore Capital Partners

Tampa, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Westshore Capital Partners is a private equity firm that targets investments in basic industry companies. Westshore looks to invest in companies with $8 to $100 million in revenue. Target sectors include industrial, consumer, food, medical, plastics, business-to-business, publishing, consumables, education, automotive aftermarket, hobby/craft, and maintenance/repair services. Prospective investment situations include recapitalizations, family succession recapitalizations, management buyouts, management buy-ins, and industry consolidations. Westshore Capital was formed in 2006 and is based in Tampa, Florida.


DEAL STATS #
Overall 12 of 12
Sector (Information Technology) 1 of 1
Type (Recapitalization) 10 of 10
State (Tennessee) 2 of 2
Country (United States) 11 of 11
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-01 Interwest Safety Supply

Provo, Utah, United States

Interwest Safety Supply manufactures highway construction and roadway signs and distributes a wide variety of traffic safety supplies and equipment used to signal, protect, delineate, notify, and guide pedestrians and vehicles safely through work zones. Interwest is a distributor of traffic safety supplies, as well as the largest manufacturer of roadway signage in the Rocky Mountain region. The company operates from five distribution facilities and two manufacturing facilities located in Utah, Colorado, New Mexico, Arizona, and Nevada. Interwest Safety Supply was founded in 1977 and is headquartered in Provo, Utah.

Buy -
Buyer

Capitala Group

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1998
PE ASSETS 2.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.


DEAL STATS #
Overall 75 of 98
Sector (Information Technology) 6 of 6
Type (Recapitalization) 9 of 12
State (Tennessee) 5 of 7
Country (United States) 74 of 97
Year (2019) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Point Broadband

West Point, Georgia, United States

Point Broadband is an internet service provider to residential and business customers in rural and suburban America. Point Broadband was established in 2016 and is based in West Point, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Freedom Electronics

Kennesaw, Georgia, United States

Freedom Electronics remanufactures and sells a portfolio of over 2,300 electronic components used in fuel dispensers, retail point-of-sale systems, and automatic tank gauges. Freedom Electronics also provides a logistics and warehousing solution for customers’ electronic components inventory that minimizes downtime and ensures customers always have parts in stock. Freedom Electronics was founded in 1998 and is based in Kennesaw, Georgia.

Buy -